This property looks like a bad Mid-Term investment with a projected -18.15% first-year return on $335k initial cash invested.
-18.15%
Cash On Cash
2.78%
Cap Rate
0.42
DSCR
$8,006
Rent
-$5,068
Cashflow
Cash Flow
$8,006 income − $13,074 expenses = $5,068 out of pocket
Investment Breakdown
|
Purchase Price
$1510k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$335k
Downpayment
20%
$302k
Closing costs
1%
$15,095
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,006
Total Expenses
$13,074
Mortgage P&I
103%
$8,245
Property Taxes
18%
$1,409
Home Insurance
7%
$558
HOA
2%
$140
Property Management
12%
$961
CapEx
4%
$320
Vacancy
3%
$240
Maintenance
4%
$320
Other
11%
$881